Registration number: 05677859

Steve Harris Decorating Contractors Ltd.

(Registration number: 05677859)
Statement of Financial Position as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	237,598	140,980
Current assets
Stocks	5	116,042	130,595
Debtors	6	104,428	257,698
Cash at bank and in hand		120,083	28,116
		340,553	416,409
Creditors: Amounts falling due within one year	7	(275,964)	(259,905)
Net current assets		64,589	156,504
Total assets less current liabilities		302,187	297,484
Creditors: Amounts falling due after more than one year	7	(62,708)	(51,081)
Provisions for liabilities		(26,871)	(35,245)
Net assets		212,608	211,158
Capital and reserves
Called up share capital		100	100
Profit and loss account		212,508	211,058
Shareholders' funds		212,608	211,158

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 9 December 2025 and signed on its behalf by:
 

......................................... Mr S A Harris Director

Steve Harris Decorating Contractors Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: Knoll House, Knoll Road, Camberley, Surrey, GU15 3SY, United Kingdom.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Steve Harris Decorating Contractors Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold property	2% straight line
Fixtures and fittings	25% reducing balance
Plant and machinery	25% reducing balance
Computer equipment	25% reducing balance and 3 years straight line
Motor vehicles	25% reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

Steve Harris Decorating Contractors Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation.

Lease payments are apportioned between finance costs in the income statement and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 20 (2024 - 20).

Steve Harris Decorating Contractors Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Long leasehold land and buildings £	Fixtures and fittings £	Plant and machinery £	Computer equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	-	3,546	19,619	6,585	257,399	287,149
Additions	132,000	-	2,794	1,059	-	135,853
Disposals	-	-	-	(1,043)	(4,850)	(5,893)
At 31 March 2025	132,000	3,546	22,413	6,601	252,549	417,109
Depreciation
At 1 April 2024	-	2,918	15,306	5,186	122,759	146,169
Charge for the year	1,886	158	1,781	1,139	33,540	38,504
Eliminated on disposal	-	-	-	(796)	(4,366)	(5,162)
At 31 March 2025	1,886	3,076	17,087	5,529	151,933	179,511
Carrying amount
At 31 March 2025	130,114	470	5,326	1,072	100,616	237,598
At 31 March 2024	-	628	4,313	1,399	134,640	140,980

Included within the net book value of land and buildings above is £130,114 (2024 - £Nil) in respect of long leasehold land and buildings.
 

5

Stocks

	2025 £	2024 £
Work in progress	113,992	128,545
Other inventories	2,050	2,050
	116,042	130,595

6

Debtors

	2025 £	2024 £
Trade debtors	-	13,783
Other debtors	93,197	232,994
Prepayments	11,231	10,921
	104,428	257,698

Steve Harris Decorating Contractors Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Bank loans and overdrafts	8	34,395	27,464
Trade creditors		34,212	60,815
Taxation and social security		184,079	150,690
Accruals and deferred income		4,834	8,594
Other creditors		18,444	12,342
		275,964	259,905

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £40,697 (2024: £56,045).

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Loans and borrowings	8	62,708	51,081

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	37,585	12,500
Hire purchase contracts	25,123	38,581
	62,708	51,081

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	18,822	10,000
Hire purchase contracts	15,573	17,464
	34,395	27,464

Steve Harris Decorating Contractors Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

9	Related party transactions

Transactions with directors

2025	At 1 April 2024 £	Advances to director £	Repayments by director £	At 31 March 2025 £
Mr S A Harris
Mr S A and Mrs D E Harris	232,994	346,713	(486,510)	93,197

2024	At 1 April 2023 £	Advances to director £	Repayments by director £	At 31 March 2024 £
Mr S A Harris
Mr S A and Mrs D E Harris	86,215	416,779	(270,000)	232,994

The loan is unsecured and repayable on demand. Interest of £1,413 (2024: £3,751) has been charged during the year at the beneficial loan interest rate of 2.25%.